// Workers AI · dad joke modeWhat did Rapaport Auctions diamond say? It was a gem of a bid.
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| Founded | 1976 |
|---|---|
| Founder | Martin Rapaport |
| Type | Auction service |
| Headquarters | New York, United States |
| Services | Diamond and jewelry auctions |
| Owner | Rapaport Group |
Key people | Martin Rapaport Dan Mano (CEO, 2025-present) |
Rapaport Auctions is an international diamond and jewelry auction platform. It is known for organizing monthly sealed-bid auctions of melee and single polished diamonds.
Overview
[edit]Rapaport Auctions was founded as a subsidiary of Rapaport Group, by Martin Rapaport in 1976.[1][2][3]
It conducts diamond melee and single-stone auctions.[4][5] Melee auctions consist of parcels of small, uncertified polished diamonds typically under 0.2 carats each, sold in bulk lots with a total weight ranging from 30 to 500 carats. Many melee lots consist of recycled diamonds.[6][7][8] Single-stone auctions involve individual loose diamonds ranging from 0.30 to over 5 carats. Both certified and uncertified diamonds are auctioned and disclosed as such to the bidder.[9][10][11]
The service uses a sealed-bid, silent auction format with multi-day viewing sessions that allow buyers to inspect lots before placing bids. Participants are usually wholesalers, retailers, diamond dealers and pawnbrokers.[12] Auctions are conducted in New York, Las Vegas, Antwerp, Ramat Gan, Dubai, Mumbai, Surat, and Hong Kong.[13][14][15][16][17]
In December 2017, it handled the sale of the 709-carat Peace Diamond for Sierra Leone.[18][19][20]
References
[edit]- ↑ Team, I. G. R. (2023-10-31). "Journal of Our Journey with Martin Rapaport to Sierra Leone's Diamonds: A Concrete Ethical Approach to Uplift African Nations". IGR - Italian Gemological Review. Retrieved 2025-12-15.
- ↑ "Sierra Leone 'Peace Diamond' sells for $6.5 million at auction". Reuters.
- ↑ Baker, Aryn. "The Teenage Miner, the Village and the 709-Carat Diamond That Changed Everything". TIME. Archived from the original on 2025-04-09. Retrieved 2025-12-15.
- ↑ "Rapaport Press Release: Rapaport Auctions Sells $7 Million in September". Archived from the original on 2020-12-05. Retrieved 2025-12-15.
- ↑ "Rapaport Single Stone & Melee Auction". landing.dmcc.ae. Retrieved 2025-12-15.
- ↑ https://en.isde.co.il/article.aspx?id=28010&search=Rapaport+Auctions
- ↑ "Rapaport and DMCC Announce Dubai's Largest-Ever Polished Diamond Auction". dmcc.ae. Retrieved 2025-12-15.
- ↑ "Rapaport Auctions Reports Record September Sales". CNBC. 2012-10-10. Retrieved 2025-12-15.
- ↑ "Rapaport Melee and Single Stone Auction". landing.dmcc.ae. Retrieved 2025-12-15.
- ↑ "About Rapaport". Rapaport. Retrieved 2025-12-15.
- ↑ Ben-Zvi, Gidon (2023-10-26). "Rapaport Continues to Hold Its Single-Stone Auction in Israel". Rapaport. Retrieved 2025-12-15.
- ↑ "What are Rapaport Auctions? | RapNet Help Center". help.rapnet.com. Retrieved 2025-12-15.
- ↑ "About Trading". Rapaport. Retrieved 2025-12-15.
- ↑ https://www.businesswire.com/news/home/20201006005998/en/Rapaport-Press-Release-Rapaport-Auctions-Sells-%247-Million-in-September
- ↑ "Rapaport NY sale to offer estate, signed lots". nationaljeweler.com. Retrieved 2025-12-15.
- ↑ "Rapaport Melee Diamond Index down 4% in 1Q 2015 - Southern Jewelry News". 2015-05-07. Retrieved 2025-12-15.
- ↑ "Rapaport Melee Diamond Index (RMI) Up 7% in 1Q to 135.00". www.thezimbabwean.co. Retrieved 2025-12-15.
- ↑ "Peace diamond: Precious stone fetches $6.5m in New York". www.bbc.com. 2017-12-04. Retrieved 2025-12-15.
- ↑ "Sierra Leone to Auction Multi-Million Dollar Diamond to Benefit Poor". Voice of America. 2017-10-23. Retrieved 2025-12-15.
- ↑ "About The Peace Diamond". Peace Diamond. Retrieved 2025-12-15.